Ohio Reaps Benefits From a Climate Law JD Vance Repeatedly Attacks

Published On Oct 1, 2024, 12:58 PM

Former President Trump and Senator JD Vance have criticized the Inflation Reduction Act (IRA), calling for clawing back unspent funds from it. Despite this opposition, the IRA has significantly benefited the state of Ohio, with over $7 billion in clean energy investments announced since its passage in mid-2022. Local leaders and residents are concerned that these investments, which have begun revitalizing the economy, could be at risk if Trump and Vance succeed in their plans. Cleveland-Cliffs, a steel manufacturer, has received a $500 million grant to upgrade its steel mill, expected to create jobs.

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Given the ongoing investments in clean energy spurred by the Inflation Reduction Act, companies like Cleveland-Cliffs may continue to see growth and support from these initiatives. If the trend of investment persists, it could indicate a positive outlook for stocks involved in this sector, despite political opposition.

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Ohio Reaps Benefits From a Climate Law JD Vance Repeatedly Attacks

Oct 1, 2024, 12:58 PM

Former President Donald J. Trump has called for clawing back unspent funds included in the Inflation Reduction Act, President Biden’s landmark climate bill. That could have adverse impacts in Ohio.

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